Get $300 when you bring this coupon to a branch near you, open a Capital Onebusiness checking account. Deposit at least $3,000 within 30 days of accountopening and make 1 online bill payment by 4/30/2013

- Branch Visit Needed- there are couple of business checking accounts with no monthly fee, no minimum balance requirements- doesn't need a real business (Inc, LLC etc.). You could mention your business as your name (Sole Proprietor)

Can you open a Capital One account if your home address isn't in a service area? You can with Chase, but I have no idea about Cap1.

rnj1975

Happy Member

posted: Feb. 9, 2013 @ 9:58p

Sounds like a good deal. Any ability to apply online or over the phone?

mjoply

Senior Member

posted: Feb. 9, 2013 @ 10:24p

gloreglabert said: Can you open a Capital One account if your home address isn't in a service area? You can with Chase, but I have no idea about Cap1.

No and since when can you with Chase?

rnj1975 said: Sounds like a good deal. Any ability to apply online or over the phone?

No.

Also, they require some documentation if the name of the business is other than just your name. I have a Sales and Use Tax license but they said that wasn't enough, so I have to wait about two months for the Maryland government to get a Doing Business As certificate. A business license from somewhere would also do but that was more expensive for me. The male on the telephone said you have to enter a branch to open the account.

mjoply said: gloreglabert said: Can you open a Capital One account if your home address isn't in a service area? You can with Chase, but I have no idea about Cap1.No and since when can you with Chase?

Both I and my wife opened Chase accounts in-branch while on vacation across the country. There are no branches anywhere near our home address (and we can't open accounts online), but neither rep gave us a problem about our address.

krk77

Senior Member

posted: Feb. 9, 2013 @ 11:08p

mjoply said:

Also, they require some documentation of a real business. I have a Sales and Use Tax license but they said that wasn't enough, so I have to wait about two months for the Maryland government to get a Doing Business As certificate. A business license from somewhere would also do but that was more expensive for me. The male on the telephone said you have to enter a branch to open the account.

I opened a business checking account today, I didn't had any documents related to my business (i don't have one), they just put my name as my business and mentioned me as Owner of the business.

mjoply

Senior Member

posted: Feb. 9, 2013 @ 11:20p

gloreglabert said:

Both I and my wife opened Chase accounts in-branch while on vacation across the country. There are no branches anywhere near our home address (and we can't open accounts online), but neither rep gave us a problem about our address.

Okay. I was thinking you meant opening the account online without being in the service area. Capital One does let you open it in a branch even if your home address does not have a brand around.

krk77 said:

I opened a business checking account today, I didn't had any documents related to my business (i don't have one), they just put my name as my business and mentioned me as Owner of the business.

Okay, I was wrong. They require that if you do business in another name. The name I use is not my name, so that is why I have to have a Doing Business As certificate. Sorry about that, and I have edited the original post.

KYBOSH

Senior Member - 2K

posted: Feb. 10, 2013 @ 12:47a

GREAT deal if you have access to a Cap1 branch.Don't think theres one in my state though.

gloreglabert

Senior Member

posted: Feb. 10, 2013 @ 12:49a

KYBOSH said: GREAT deal if you have access to a Cap1 branch.Don't think theres one in my state though.Go on vacation!

AugustFour

Senior Member - 2K

posted: Feb. 10, 2013 @ 7:36a

i have already one. can i sign up for this offer?

AugustFour

Senior Member - 2K

posted: Feb. 10, 2013 @ 7:37a

i have already one. can i sign up for this offer?

krk77

Senior Member

posted: Feb. 10, 2013 @ 8:31a

AugustFour said: i have already one. can i sign up for this offer?

The promotion begins at 12:01 a.m. Eastern Daylight Time (EDT) on 1/1/2013 and ends at 11:59 p.m. on 4/30/2013. The promotion is available to new bank customers only. To qualify, you must open a Capital One business checking account during the promotion period. Within 30 days of account opening, deposit at least $3,000 into your new businesschecking account. At least 1 online bill payment must post to your account before end of promotion. You will receive the $300 credit approximately 10-12 weeks after the end of the promotion. Account must be open and in good standingto receive the credit. This offer cannot be combined with any other Capital One Bank new account opening offer and is strictly non-transferable. Limit one offer per customer.

ahmadcpa

Senior Member

posted: Feb. 10, 2013 @ 8:58a

More info about this here. They typically check for valid business license

What is the monthly fee on this account ? Since bonus will take 3-4 months to post, how much total fees will be assessed for these months ?

krk77

Senior Member

posted: Feb. 10, 2013 @ 6:11p

no monthly feeAlamgirian6329 said: What is the monthly fee on this account ? Since bonus will take 3-4 months to post, how much total fees will be assessed for these months ?

Buckmann

Senior Member

posted: Feb. 11, 2013 @ 9:34a

Data point: I have personal and business accounts with Capital One. I'm 0 for 3 on receiving incentive payments without complaint. Excuses: no record of promotion, did not perform unspecified activity, did not qualify because of unspecified previous relationship. Eventually prevailed on 2 out of 3, but what a pain.

bharatiya

Senior Member - 2K

posted: Feb. 11, 2013 @ 10:39a

ahmadcpa said: More info about this here. They typically check for valid business license

Old ForumAny repercussions if you don't have a business and you are opening a business account?

jqsmooth

Shopaholic Member

posted: Feb. 11, 2013 @ 5:44p

Thanks OP! I went to my local branch thinking easy $300. No such thing. It took an hour to open this stupid account. The guy says he's new. It was the longest hour of my life. I do have a business. Used my TIN, but asked for my SS# anyway. I don't see the point of having a TIN. Anyhoo, I'm uncertain if he put the promo code in. Even if he did, I'm uncertain if I'll get the promo $ because of Buckman's post above. Only time will tell...

vickh

Senior Member - 6K

posted: Feb. 11, 2013 @ 8:41p

Buckmann said: Data point: I have personal and business accounts with Capital One. I'm 0 for 3 on receiving incentive payments without complaint. Excuses: no record of promotion, did not perform unspecified activity, did not qualify because of unspecified previous relationship. Eventually prevailed on 2 out of 3, but what a pain.

CC promos have been great. Must be a deposit thing...

jineshruti2003

Ancient Member

posted: Feb. 14, 2013 @ 1:56p

I went to Local branch (Irving, TX) and they Denied opening a Business Checking as I don't have any business. I asked if they can use my name as Business but they said it was possible in Past but not now.

therivler1

Senior Member - 2K

posted: Feb. 14, 2013 @ 2:13p

It probably costs all of $25 or so register a DBA with your state. In mine, MD, you can pay an extra $50 and get it expedited to have it in a few days. You should do that, and you would still come out ahead. The DBA pays for itself many times over with other financial uses also.

ReticentRancor

Member

posted: Feb. 19, 2013 @ 7:18a

Had a problem enrolling my account online because I already had a Capital one credit card. While I was talking to a CSR on the phone to resolve this issue (something on their end that prevented it), I asked the CSR to confirm that the promo code attached to this account. The CSR confirmed and said she could see a code was used at the time of signup, but she also said that she had to send a request to the research department to find out what the exact terms of the code. Someone from research would be calling me later that day.

So low and behold I get a phone call from research and apparently the terms of DIG state that a $10,000 deposit must be made and that something with a deposit in an attached savings account also had to be done. By the time the savings account got mentioned I was already fuming so I didn't hear exactly what needed to be done. Regardless, I advise all of you to straighten this out and save the pdf.

KYBOSH

Senior Member - 2K

posted: Feb. 19, 2013 @ 10:40a

ReticentRancor said: Had a problem enrolling my account online because I already had a Capital one credit card. While I was talking to a CSR on the phone to resolve this issue (something on their end that prevented it), I asked the CSR to confirm that the promo code attached to this account. The CSR confirmed and said she could see a code was used at the time of signup, but she also said that she had to send a request to the research department to find out what the exact terms of the code. Someone from research would be calling me later that day.

So low and behold I get a phone call from research and apparently the terms of DIG state that a $10,000 deposit must be made and that something with a deposit in an attached savings account also had to be done. By the time the savings account got mentioned I was already fuming so I didn't hear exactly what needed to be done. Regardless, I advise all of you to straighten this out and save the pdf.

Wow!

BenH

Dismembered Member

posted: Mar. 4, 2013 @ 3:32p

I don't normally do online bill pay for anything. Can someone recommend how this requirement is easily obtained?

Thanks!

hpmax

Senior Member - 1K

posted: Mar. 4, 2013 @ 7:24p

BenH, Pay $5 to a local utility or credit card would be my suggestion, but I don't have an account yet.

I went to Capital One and they started asking all these questions asking me to prove the business was real. I eventually just gave up.

Rivler, any advice on how to go about it (I'm in MD too) or what other benefits of registering might be?

BenH

Dismembered Member

posted: Mar. 5, 2013 @ 10:46a

Well I have a legitimate business - an LLC with all the paperwork (even though I don't do much work under it anymore).

I just wasn't sure if Billpay had to be only to certain types of payees - but if I can just pay off a CC bill, then I'm golden.

thanks

hpmax said: BenH, Pay $5 to a local utility or credit card would be my suggestion, but I don't have an account yet.

I went to Capital One and they started asking all these questions asking me to prove the business was real. I eventually just gave up.

Rivler, any advice on how to go about it (I'm in MD too) or what other benefits of registering might be?

Delzek15

New Member

posted: Mar. 7, 2013 @ 2:42p

Was able to complete this yesterday without issue. Took about 30 minutes at the branch. Advised the branch manager that I was a sole proprietor(sp) who sold stuff on eBay. Pretty simple stuff. It did take 45 or so minutes but hey for $300 I'll take it. Thanks for the post.

hpmax

Senior Member - 1K

posted: Mar. 7, 2013 @ 2:59p

Delzek, did they ask for any sort of documentation? Did you have any?

Delzek15

New Member

posted: Mar. 7, 2013 @ 3:28p

Nope. I only used my ID. They can use your SSN as your TIN.

hpmax

Senior Member - 1K

posted: Mar. 8, 2013 @ 8:45a

Delzek, I know they can... They were just being jerks. My Mom (who actually has a legitimate sole proprietorship which she has been running for years and is the source of substantial and her only income) was also rejected by them because she was not registered with the state.

k3naa

Member

posted: Mar. 8, 2013 @ 9:56a

ReticentRancor said: So low and behold I get a phone call from research and apparently the terms of DIG state that a $10,000 deposit must be made and that something with a deposit in an attached savings account also had to be done. By the time the savings account got mentioned I was already fuming so I didn't hear exactly what needed to be done. Regardless, I advise all of you to straighten this out and save the pdf.

I also ran into a similar issue, after trying to confirm my account had the promotion coded properly through online messaging. They said to go to the branch to sort things out, but I haven't had a chance yet. I suspect many of us will run into this issue, and you may want to sort it out now rather than "10-12 weeks" after the promotion deadline.

If anyone else runs into this and is able to clear it up, I'd like to know how.

Incidentally, I do have a legitimate sole prop business, with an EIN, I file a schedule C, maintain trade licensing etc., so they can't claim that I don't have a real business.

krk77

Senior Member

posted: Mar. 21, 2013 @ 3:46p

not sure why CSR is aking about Promo code when you issue is enrolling. I had same issues as well (I had Costco/CapitalOne online savings account, after couple of calls they have fixed the issue and now I am able to login and see my business checking account.

ReticentRancor said: Had a problem enrolling my account online because I already had a Capital one credit card. While I was talking to a CSR on the phone to resolve this issue (something on their end that prevented it), I asked the CSR to confirm that the promo code attached to this account. The CSR confirmed and said she could see a code was used at the time of signup, but she also said that she had to send a request to the research department to find out what the exact terms of the code. Someone from research would be calling me later that day.

So low and behold I get a phone call from research and apparently the terms of DIG state that a $10,000 deposit must be made and that something with a deposit in an attached savings account also had to be done. By the time the savings account got mentioned I was already fuming so I didn't hear exactly what needed to be done. Regardless, I advise all of you to straighten this out and save the pdf.

Silverthunder

Senior Member

posted: Apr. 7, 2013 @ 1:07p

Is it s hard inquiry?Do they let you fund the account with a credit card?

badsister

Senior Member

posted: Apr. 8, 2013 @ 4:47p

Silverthunder said: Is it s hard inquiry?Do they let you fund the account with a credit card?

was told there would be NO inquiry.

k3naa

Member

posted: Apr. 8, 2013 @ 10:06p

Silverthunder said: Is it s hard inquiry?Do they let you fund the account with a credit card?

No inquiry for me (TX), and unless the rep lied you can't fund with a CC.

Skipping 41 Messages...

gloreglabert

Senior Member

posted: Nov. 15, 2013 @ 1:52a

Bonus just hit my account -- account opened end of June, promo expiration was 8/31 at that time and terms stated 10-12 weeks after end of promotion, so posting is right on schedule. Did send a followup message a couple weeks back and they confirmed the terms had been fulfilled, but did not need to hassle them to actually post the bonus.

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